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Northland Power

From Wikipedia, the free encyclopedia
Northland Power Inc.
Company typePublic
TSX: NPI
IndustryPower generation
GenreIndependent Power Producer
Founded1987
FounderJames C. Temerty and Alexander Juchymenko
Headquarters
Toronto, Ontario
,
Canada
Key people
John Brace, Chairman of the Board and Interim President & CEO
Adam Beaumont, CFO (interim)
Yonni Fushman, Chief Administrative and Legal Officer
Rachel Stephenson, Chief People Officer
Michelle Chislett, Executive VP, Onshore Renewables
Calvin MacCormack, Executive VP, Natural Gas and Utilities
Toby Edmonds, Executive VP, Offshore Renewables
Pierre-Emmanuel Frot, Executive VP, Project Management Office
RevenueIncrease Can$2.1 billion (2020)[1]
Increase Can$0.5 billion (2020)[2]
Total assetsIncrease Can$11.4 billion (2020)[3]
Total equityIncrease Can$2 billion (2020)[4]
Number of employees
1,154 (2020)[5]
Websitewww.northlandpower.com

Northland Power (TSX: NPI) is a Toronto-based power producer founded in 1987, and publicly traded since 1997. Northland develops, builds, owns and operates electricity generation infrastructure assets in Asia, Europe, Latin America, North America, and other selected global jurisdictions that produce electricity from natural gas and renewable resources such as wind and solar technology.[6]

The company owns or has a gross economic interest in 2,681 MW[7] of operating generating capacity and 130 MW[7] of generating capacity under construction, representing the La Lucha solar project. In advanced development, Northland has 300 MW of onshore wind under advanced development across three projects in New York State, a 60% equity stake in the 1,044 MW Hai Long project off the coast of Taiwan and a 49% equity stake in the up to 1,200 MW Baltic Power project off the coast of Poland. Northland also operates a regulated utility business in Colombia and has a portfolio of projects in various stages of development in the Americas, Asia and Europe.[7]

Northland's common shares, Series 1, Series 2 and Series 3 preferred shares trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.B and NPI.PR.C respectively.

Conversion to corporation

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In 2009, Northland Power Income Fund acquired and merged with Northland Power Inc. This transaction was motivated by the Government of Canada's elimination of preferential tax treatment for income trusts, which has prompted a mass conversion of Canadian income trusts into regular corporations. On June 21, 2010, Northland's unitholders approved management's plan to convert to a corporation effective January 1, 2011.[8]

Power projects controlled by Northland

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Operational power projects

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Name Location Fuel Source Capacity (MW) Ref
Iroquois Falls Ontario Natural Gas 120 [9]
Kingston Ontario Natural Gas 110 [9]
Kirkland Lake Ontario Biomass, Natural Gas 132 [9]
North Battleford Saskatchewan Natural Gas 260 [9]
Spy Hill Saskatchewan Natural Gas 86 [9]
Thorold Ontario Natural Gas 265 [9]
Grand Bend Ontario Onshore Wind 100 [9]
Jardin d'Éole Québec Onshore Wind 134 [9]
McLean's Mountain Ontario Onshore Wind 60 [9]
Mont Louis Quebec Onshore Wind 100 [9]
Abitibi Ontario Solar 10 [9]
Belleville North Ontario Solar 10 [9]
Belleville South Ontario Solar 10 [9]
Burk's Falls East Ontario Solar 10 [9]
Burk's Falls West Ontario Solar 10 [9]
Crosby Ontario Solar 10 [9]
Empire Ontario Solar 10 [9]
Glendale Ontario Solar 10 [9]
Long Lakes Ontario Solar 10 [9]
Martin's Meadows Ontario Solar 10 [9]
McCann Ontario Solar 10 [9]
North Burgess Ontario Solar 10 [9]
Rideau Lakes Ontario Solar 10 [9]
Bluestone United States Onshore Wind 112 [9]
Ball Hill United States Onshore Wind 108 [9]
Deutsche Bucht Germany Offshore Wind 252 [9]
Gemini The Netherlands Offshore Wind 600 [10]
Nordsee One Germany Offshore Wind 332 [11]
EBSA Colombia Regulated Utility 480,000+ (Customer Connections) [12]

Projects under advanced development and construction

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Name Location Fuel Source Capacity (MW) Ref
Hai Long Taiwan Offshore Wind 1,044 [13]
Baltic Power Poland Offshore Wind 1,140 [14]
Oneida Ontario Battery Energy Storage 250 [15]

References

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  1. ^ "2020 Annual Report" (PDF).
  2. ^ "2020 Annual Report" (PDF).
  3. ^ "2020 Annual Report" (PDF).
  4. ^ "2020 Annual Report" (PDF).
  5. ^ "2021 Fact Sheet".
  6. ^ "Northland Power - Company Overview". www.northlandpower.com. Retrieved 2021-02-19.
  7. ^ a b c "Northland Power Investment Overview". Northland Power. February 19, 2021.
  8. ^ "2010 Annual Information Form (Northland Power)" (PDF). www.sedarpush.com. Retrieved 2019-09-18.
  9. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z "Northland Power - What We Do". www.northlandpower.com.
  10. ^ "Gemini website". geminiwindpark.nl. Retrieved 2020-05-29.
  11. ^ "Nordsee One - Offshore Wind Farm in the North Sea". nordseeone.com. Retrieved 2020-05-29.
  12. ^ "Empresa de Energía de Boyacá S.A E.S.P Homepage". ebsa.com.co (in Spanish). Retrieved 2020-05-29.
  13. ^ "Northland Power - Hai Long". www.northlandpower.com. Retrieved 2021-02-19.
  14. ^ "Northland Power - Baltic Power". www.northlandpower.com. Retrieved 2021-02-19.
  15. ^ "Northland Power - Oneida". www.northlandpower.com. Retrieved 2021-02-19.
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